General Announcement for PLC

30/01/2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS Recurrent related party transactions of a revenue or trading nature (RRPT) in relation to the deviation between the actual value and the estimated value by 10% or more

PANSAR BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description 
Recurrent related party transactions of a revenue or trading nature (RRPT) in relation to the deviation between the actual value and the estimated value by 10% or more

The Board of Directors of Pansar Berhad wishes to announce that the actual value of the RRPT transacted by its subsidiary, namely Pansar Engineering Services Sdn Bhd (“PESSB”) has exceeded the estimated value as set out in the last year’s Circular to Shareholders dated 6 August 2018 by more than 10%. The details are as follows:

Subsidiary involved

Related party

Nature of transactions

Estimated value of RRPTs disclosed in the last year’s Circular to Shareholders dated 6/8/2018

Actual value transacted from 6/8/2018 to 29/1/2019

 

Difference between actual value and estimated value

Difference between actual value and estimated value in %

Reason for the difference

RM’000

RM’000

RM’000

PESSB

Perbena Emas Sdn Bhd

Sale of air-conditioners and provision of mechanical and electrical contract works

8,000

9,540

1,540

19.25

Due to higher than forecasted progress  billings

 



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 30 Jan 2019
Category General Announcement for PLC
Reference Number GA1-30012019-00106


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